A newspaper printing press is an example of
A) a capital good.
B) a factor of production.
C) something that influences labor productivity.
D) a good that was once an output of the production process.
E) All of the above are correct.
E
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The NBER's Business Cycle Dating Committee defines a recession as at least two consecutive quarters of falling real GDP
Indicate whether the statement is true or false
In order to predict the marginal rate of return on investment, producers must forecast the interest rate
a. True b. False
Assume that for 20 bicycles, the total fixed cost is $100 and the total variable cost is $300 . Then the average fixed cost and the average variable cost are:
a. $5 and $10 respectively. b. $5 and $15 respectively. c. $10 and $15 respectively. d. $15 and $10 respectively. e. $10 and $5 respectively.
What leads to chronic deficits on U.S. current account?
a. declining value of the dollar and uncertainty about its future b. devaluation of the dollar c. imports being greater than exports year after year d. foreigners buying up U.S. assets in the U.S. year after year e. more exports and fewer imports year after year